As for Guayaquil, where you buy depends on your target market… if you’d like to rent to “gringos or foreigners short term” Id buy in urdesa or in the Centro near the Malecon or Parque de Iguanas area.

If youd like to buy cheaper and rent cheaper to middle class ecuadorians id buy in Alborada…its centric and an area on the rise and many middle class locals would like to live there.

If youd like to rent to upper class ecuadorians, theres no place like the Samborondon area… far out of town and US-like, personally the area makes me sick but rich ecuadorians love the place, it is a bit safer than the city proper…the rich locals dont even consider living anywhere else in Guayaquil…

An up and coming area is the Ferroviaria district, on the other side of the river from the MALECON de salado… once a favela area, now its turning into a peaceful, centric place to be… i know of a 4 unit rental complex for sale there fof a friend for around $150000, i could get more details if interested…

For me, one of the top all around value areas is Urdesa… close to everything, more character than samborondon, and still upper middle class to please the locals…

Another surprisingly good buy is the Garzota area…near the mall del Sol…that area is extremely centric, coming up fast, and easy to rent out to both locals or foreigners…

I wouldnt buy in the south of the city, no one who can afford not to be there wants to be there, or in one of the “reposessed” favela style areas in the cities’ outskirts because image for the areas is everything and its hard to repair that, it would be a much more long term investment.

As for the high-end lake front Malecon 2000 properties in the Centro… i think they are OVERPRICED… rich locals who could actually afford to rent those from you wouldnt touch those units in the Centro with a 10 foot stick… the Centro has a really bad image in their heads thats hard to erase, and its true, at night that area is not the safest place to be …

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